The third- and fourth-largest wireless operators in the U.S., Sprint and T-Mobile, are close to settling on a
The two companies have been in talks for years about a possible merger and are finally close to reaching a deal that would see Sprint offering
Talks are still underway and there is a possibility that the deal could still fall apart, but news of the acquisition suggests a turning point in the long-contemplated merger. The deal will benefit both parties as they have struggled to keep up with
"In order to compete against the big two, AT&T and
Neither Sprint or T-Mobile have the financial resources to take on their larger competitors, nor the suite of offerings to attract customers. The two companies are choosing a merger as a way to be competitive and stay relevant.
Should the deal go through, Sprint and T-Mobile officials will have to face regulatory scrutiny.
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